Bond set for so-called 'Loan Ranger Bandit' - - Tyler, Longview, Jacksonville |ETX News

Bond set for so-called 'Loan Ranger Bandit'

Richard Swicegood. (Source: Benton police) Richard Swicegood. (Source: Benton police)
(KLTV) -

Bond has been set at $500,000 for a bank robber who has been sought by law enforcement for five years, according to jail records.

Richard Swicegood, nicknamed the “Loan Ranger Bandit,” remains jailed in Saline County, Ark. He was arrested by a Benton Police Department officer on July 1 following an early morning traffic stop.

Swicegood is accused of robbing The Summit Bank in 2009, kicking off what officials are calling a five-year multi-state crime spree. Swicegood is accused of robbing banks all over Arkansas, Mississippi, Kentucky and Texas. Among those robberies, two were in Tyler.

Tyler police have been following cases related to the Loan Ranger Bandit since 2011, when he allegedly robbed the Altra Federal Credit Union in Tyler. In 2012, the Compass Bank on South Broadway was also robbed by a suspect matching that description.

Still, the man dubbed "The Loan Ranger Bandit" for his Texas Rangers hat and his history of robbing banks that deal with loans, was not identified until Wednesday afternoon.

Swicegood is charged with 11 counts of aggravated robbery, three counts of property theft and one count of using another person's property to commit a crime.

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